Americans realize that -$20.8 billion will certainly not cover $5.3 trillion in actual deposits that can be redeemed at any given time! That is the psychology of our current banking system. As long as people believe the wizard behind the curtain can back up the deposits then all is fine. This worked as long as assets actually had values that banks claimed were true. We know that game is over. In fact, that is why the entire banking system has received roughly $13 trillion in bailouts and backstops. It really is this fragile. This is how the deposit insurance fund looks like: